Interdependencies within and between national economies make global and national systems – like financial networks or the world’s food chain – increasingly susceptible to disruption. A factory fire in one corner of the globe might create a supply chain domino effect – halting production of finished goods worldwide. MIT engineering instructor Yossi Sheffi warns that a breach of environmental standards by an obscure, deep-tier supplier might threaten the reputation of firms further up the chain. getAbstract recommends his forward-looking overview to leaders and risk managers – especially in large firms – who are building the response capability to deal quickly and effectively with disasters and disruptions.
About the Author
Yossi Sheffi teaches engineering systems at MIT and advises firms and governments on risk and supply chain management.
Comment on this summary
4 years agoThink out of box
4 years agoVery well explained.
4 years agoLearned a new aspect of risk management & why preparedness is necessary for future.